business angel

This competition aims to select suitable organisations to partner with Innovate UK.

Together we will:

The selected angel investor partners (AIPs) will distribute grant funding for innovative research and development (R&D) projects to SMEs. This will be alongside investment from angels and other similar early stage investors.

This competition will identify 2 angel investor partners (AIPs) who will:

  • each be based in a geographical region where angel investment in innovative SMEs requires extra support
  • receive an allocation of £1 million to distribute as grants to SMEs alongside equity investment

Once selected, each AIP will work over 2 years with regional angel investors to:

  • identify innovative SMEs that the AIP’s angel investors expect to invest in
  • fund those SMEs to enable them to carry out research and development projects and grow using both grant and equity funding
  • support R&D projects assessed as suitable by Innovate UK, with costs of between £40,000 and £300,000, and with up to 50% of the eligible project costs funded by the Innovate UK grant
Full details can be found here